MBA Journals Peer-reviewed management research from Consortium e-Learning Network

NOLEGEIN Journal of Entrepreneurship Planning, Development and Management

Research, Innovation, and Entrepreneurship: Special Nexus for Employment Opportunities and Engineering Advancement in Nigeria

  1. OLUWADARE JOSHUA OYEBODE

Abstract

In view of creating employment opportunities and outcome-based education, the impact of nexus ofresearch, innovation, and entrepreneurship cannot be undermined in developed and developingcountries. A lot of researches and innovations have been done without adequate links for employmentopportunities and a better pedestal for entrepreneurship. This calls for urgent attention and interventionof governments, stakeholders, consultants, engineers, and entrepreneurs. This paper assessed thecurrent trends and multi-faceted problems in research and innovation for improved employmentopportunities and entrepreneurship. A reconnaissance survey was conducted on selected engineeringresearch and innovative work. The interview was done in some industries, engineering projects,construction companies, and consultancy firms. This study also looked into the challenges and prospectsof this special nexus for engineering advancement in Nigeria. Results show that the integration ofresearch with innovation and entrepreneurship in Nigeria is not up to the standard requirements foreconomic growth. Major constraints to entrepreneurs include lack of information of current research,lack of funds, preferential treatment, and fear of liquidation, unhealthy competition amongentrepreneurs, socio-economic impact, and government policies. It has been concluded that employmentopportunities and sustainable development can be achieved through functional synergy amongresearchers, innovators, and entrepreneurs. Recommendations were made based on the issues discussedwhich include the establishment of industrial parks, healthy academia and industrial relationship,excellent government policies for entrepreneurship, national growth, and many other financial gains.There is no doubt that this study has great potential in addressing financial problems and issuesregarding employment opportunities, economic growth, and engineering advancement in Nigeria.

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